ScaleFund
Venture capitalBrussels · Seed–Series A · 14 people tracked
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Investment thesis
ScaleFund invests from seed to Series A in companies driving digital transformation, deeptech, and cleantech, typically backing businesses once the product is live and traction is building. The firm leads rounds with tickets from roughly €100K to €1M, looking for committed complementary teams, early signs of revenue or usage growth, a clear plan toward Series A, scalable international-ready models, and openness to hands-on support. ScaleFund takes a concentrated approach, backing only a few companies with full focus, structuring rounds, supporting operations, and staying involved for the long run. It draws on a European network of over 500 investors, venture partners, and C-level executives to support its portfolio.
Source: firm website, verified Oct 26, 2026.
Team · 14 people
from the firm's website & public directoriesFounder of the ScaleFund series and CEO of BeAngels, Belgium's leading angel investment network. She co-founded Business Angels Europe and the Global Business Angel Network, and serves on several startup and scale-up boards.
Experienced in venture capital, M&A, and financial management, with a background in banking, auditing at PwC, and corporate integration at Solvay-Rhodia. He serves on multiple startup boards.
Brings a background in private equity and strategic consulting, previously at Vendis Capital and Roland Berger. He focuses on growth-stage investments and SME development.
A former operator turned business angel with operational roles and investments across North America, Europe, and Africa. A former COO and Chief of Staff, he has advised dozens of startups, with expertise in blockchain, asset management, and digital transformation.
Co-founder of CluePoints, where he served as CEO until 2022 before becoming Chief Product & Technology Officer and later Strategic Advisor. He previously held technical and data roles at GlaxoSmithKline, UCB, and IDDI, with focus on digital transformation, data analytics, and life sciences product strategy.
CEO of Look&Fin, a European crowdlending platform, and former manager of venture capital at EEBIC Ventures. He has experience in corporate finance, M&A, and fundraising, and taught Entrepreneurial Finance at Solvay Business School.
Responsible Investment Specialist at Degroof Petercam Asset Management, focused on integrating ESG and climate risk into investment strategies. He previously worked at ERM on environmental due diligence and sustainability reporting.
Managing Director at ForsVC and a tech entrepreneur focused on immersive technologies and diversity. She co-founded LucidWeb, was COO of Tech.eu, and co-founded Women in Immersive Technologies Europe.
Co-founder and CTO of Svaito and Wellnest, blending technology and creativity. Based in Portugal, he works across tech and music and previously built Flash and HTML5 solutions at Captiv8 and Nine.
Chief Product Officer at Haulogy and a mentor at imec.istart and Rockstart, with deep SaaS and digital product expertise. He previously led product teams at BePark, LetsBuild, and Take Eat Easy.
CEO and co-founder of AppTweak and co-founder of Wooclap. His first company, 87seconds, was acquired by Datawords in 2018. He is a Strategic Board Member at BeAngels and teaches entrepreneurship at Solvay Brussels School.
CEO at DFMH, focused on manufacturing and supply chain.
VP of Business Development at EcoVadis with expertise in sustainable finance and IT, having advanced work in private equity and sustainability-linked loans. He also helped grow CyberVadis and advised Greenomy.
An executive with 20+ years in governance, strategy, and growth. He co-founded Govrn, is VP at Easyvest, and formerly held CRO and COO roles at Odoo and Proxyclick.
What they invest in
from 7 of 16 portfolio companiesAI & Machine Learning ×4Cybersecurity ×3Enterprise Software ×3SaaS ×3Developer Tools ×2Fintech ×2Future of Work ×2Deep Tech ×1
HQs:Spain×1Luxembourg×1
Investments · 16 tracked
founders shown can be your intro pathANote Music operates an online platform where individuals and professional investors can buy, sell, and earn income from shares in music royalty catalogues that have passed financial and legal due diligence.
FintechMarketplacesMedia & Entertainment
Co-investorsAcme Innovation
Duely is a technology company that performs M&A legal work — including data room preparation, due diligence, transaction document drafting (SPA, APA, carve-outs, cross-border mergers), signing, and post-closing tasks — using its own agentic AI tooling with legal experts standing behind each deliverable.
AI & Machine LearningFintechLegalTech
Co-investorsGolden Egg Check Capital B.V
Passbolt is an open-source password manager designed for IT teams to securely store and share credentials like passwords, SSH keys, and API tokens at scale.
CybersecurityDeveloper ToolsEnterprise SoftwareLuxembourg, LU
Kevin Muller(Founder)in
Co-investorsAirbridge Equity PartnersExpon CapitalSeeder Fund
Wegrow is a platform that enables organizations to share, discover, and scale proven best practices across teams and regions.
AI & Machine LearningEnterprise SoftwareFuture of WorkSaaS
Arnaud Sliwa Bliset(CEO)
Co-investorsAurum Venture PartnersNauta CapitalVU Venture PartnersWille Finance
Wodan applies advanced cryptography to enable secure collaboration and data sharing without sacrificing privacy.
AI & Machine LearningCybersecurityDeep TechMadrid, ES
Bob Dubois(CEO)inManuel Perez Yllan(CTO)in
Co-investorsAdara VenturesSwanlaab Venture Factory
Wooclap builds interactive teaching and learning tools, grounded in neuroscience principles, designed to engage learners and improve knowledge retention.
AI & Machine LearningEdTechFuture of WorkSaaS
Sebastien Lebbe(Founder)inBaudouin CORMANin
Co-investorsImpact Expansion Management Sarl
XFA provides device security and endpoint compliance solutions for organizations, enabling visibility into devices accessing business platforms and enforcement of security policies across enterprise, technology, healthcare, fintech, education, and other sectors.
CybersecurityDeveloper ToolsEnterprise SoftwareSaaS
Lars VeelaertinGijs Van Laerin
Co-investorsCuriosity VCSeeder FundPMV
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
DgeniousFeedelityIonnykJeudiMerciMoonbirdNakiOptisuiteResortecsVisuary
Portfolio news
latest coverage across their companiesANote Music · siliconluxembourg.lu · Sep 29, 2026

Duely · tech.eu · Jul 10, 2026
Wodan · leadsontrees.com · Dec 17, 2025
XFA · eu-startups.com · Dec 12, 2025
Frequently asked questions
- How many investments has ScaleFund made?
- ScaleFund has 16 tracked investments, including 3 dated in the last 24 months.
- What stage does ScaleFund invest at?
- ScaleFund invests at the Seed, Series A stages.
- What is ScaleFund's typical check size?
- ScaleFund typically writes checks of $100K – $1M.
- What sectors does ScaleFund focus on?
- ScaleFund focuses on Cleantech, Consumer, Cybersecurity, Deep Tech, EdTech, Fintech, Hardware, Healthtech, LegalTech, Marketing Tech, PropTech, Retail Tech, SaaS, Sector Agnostic.
- Where is ScaleFund located?
- ScaleFund is headquartered in Brussels, BE.
- Does ScaleFund lead rounds?
- Yes, ScaleFund leads investment rounds.
- Who does ScaleFund co-invest with?
- ScaleFund most often shares deals with Seeder Fund, Adara Ventures, Curiosity VC, among 11 tracked co-investors.
Images
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